Foreigners dump Thai bonds as BoT signals no further rate cuts

Quick Summary:

Selling of Thai government bonds may extend as political risks mount and the central bank damps prospects of further interest-rate cuts.

Foreign funds have pulled over US$850 million from baht bonds in October, set for the biggest monthly outflow since August last year, according to Thai Bond Market Association data.

Markets are ratcheting up bets that Donald Trump will win next month’s US presidential election and impose blanket trade tariffs on goods manufactured abroad.

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Article Details

Category: EconomyBusiness

Markets: ThailandMalaysia

Topics: Thai Political Thailand Government Market Yield Yields Bonds Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 09:48:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 10 lines

Sentence Length: 47 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23219195

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 14 posts per day

Year Established: 1946

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News Last Updated: 2 hours ago

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Publisher ID: #66

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